AGENDA SAN MATEO COUNTY TRANSPORTATION AUTHORITY Bacciocco Auditorium, 2 nd Floor 1250 San Carlos Avenue, San Carlos, CA 94070

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1 BOARD OF DIRECTORS 2017 AGENDA SAN MATEO COUNTY TRANSPORTATION AUTHORITY Bacciocco Auditorium, 2 nd Floor 1250 San Carlos Avenue, San Carlos, CA CAROLE GROOM, CHAIR DON HORSLEY, VICE CHAIR EMILY BEACH MAUREEN FRESCHET KEN IBARRA CAMERON JOHNSON KARYL MATSUMOTO JIM HARTNETT EXECUTIVE DIRECTOR October 5, 2017 Thursday 5:00 p.m. 1. Call to Order 2. Pledge of Allegiance 3. Roll Call 4. Report of the Citizens Advisory Committee 5. Consent Calendar Members of the Board may request that an item under the Consent Calendar be considered separately a. Approval of Minutes of September 7, 2017 b. Acceptance of Statement of Revenues and Expenses for August 2017 c. Approval and Ratification of the Fiscal Year 2018 Transportation Authority Insurance Program 6. Public Comment Public comment by each individual speaker shall be limited to one minute. If you wish to address the Board, please fill out a speaker s card located on the agenda table and hand it to the TA Secretary. 7. Chairperson s Report 8. San Mateo County Transit District Liaison Report K. Matsumoto 9. Joint Powers Board Report J. Hartnett 10. Report of the Executive Director J. Hartnett 11. Program a. Program Report: Highway Program Corridor Managed Lanes b. Approval of Measure A Highway Program Funding Policy Revision c. Update on Measure A 2017 Highway Program Call For Projects d. Receive and File Measure A Semi-Annual Program Status Report e. Delegate the Executive Director the Authority to Assign New Measure A Funds on Projects to be Funded Under Either Measure f. Update on Legislative Program 12. Request from the Authority 13. Written Communications to the Authority 14. Date/Time of Next Regular Meeting: Thursday, November 2, 2017, 5 p.m. at San Mateo County Transit District Administrative Building, Bacciocco Auditorium, 2 nd Floor, San Carlos Avenue, San Carlos, CA Note: All items appearing on the agenda are subject to action by the Board. Staff recommendations are subject to change by the Board. Page 1 of 3

2 15. Report of Legal Counsel a. Closed Session: Conference with Legal Counsel Existing Litigation Pursuant to Government Code Section (d)(1): Pacificans for a Scenic Coast v. California Department of Transportation, et al.; San Mateo County Superior Court Case No. CIV b. Closed Session: Conference with Legal Counsel Existing Litigation Pursuant to Government Code Section (d)(1): Pacificans for a Scenic Coast, et al. v. California Department of Transportation, et al.; U.S. District Court, Northern District of California Civil Case No. 3:15-cv VC 16. Adjourn Note: All items appearing on the agenda are subject to action by the Board. Staff recommendations are subject to change by the Board. Page 2 of 3

3 INFORMATION FOR THE PUBLIC All items appearing on the agenda are subject to action by the Board. Staff recommendations are subject to change by the Board. If you have questions on the agenda, please contact the Authority Secretary at Assisted listening devices are available upon request. Agendas are posted on the Authority Website at Communications to the Board of Directors can be ed to Location, Date and Time of Regular Meetings Regular meetings are held at the San Mateo County Tran sit District Administrative Building located at 1250 San Carlos Ave., San Carlos, which is located one block west of the San Carlos Caltrain Station on El Camino Real. The building is also accessible by SamTrans bus routes ECR, FLX, 260, 295 and 398. Additional transit information can be obtained by calling (TTY ) or 511. The Transportation Authority (TA) meets regularly on the first Thursday of the month at 5 p.m. The TA Citizens Advisory Committee (CAC) meets regularly on the Tuesday prior to the first Thursday of the month at 4:30 p.m. at the San Mateo County Transit District Administrative Building. Public Comment If you wish to address the Board, please fill out a speaker s card located on the agenda table. If you have anything that you wish distributed to the Board and included for the official record, please hand it to the Authority Secretary, who will distribute the information to the Board members and staff. Members of the public may address the Board on non-agendized items under the Public Comment item on the agenda. Public testimony by each individual speaker shall be limited to one minute and items raised that require a response will be deferred for staff reply. Accessibility for Individuals with Disabilities Upon request, the TA will provide for written agenda materials in appropriate alternative formats, or disability-related modification or accommodation, including auxiliary aids or services, to enable individuals with disabilities to participate in public meetings. Please send a written request, including your name, mailing address, phone number and brief description of the requested materials and a preferred alternative format or auxiliary aid or service at least two days before the meeting. Requests should be mailed to the Authority Secretary at the San Mateo County Transportation Authority, 1250 San Carlos Avenue, San Carlos, CA or ed to board@smcta.com; or by phone at , or TTY Availability of Public Records All public records relating to an open session item on this agenda, which are not exempt from disclosure pursuant to the California Public Records Act, that are distributed to a majority of the legislative body will be available for public inspection at 1250 San Carlos Avenue, San Carlos, CA , at the same time that the public records are distributed or made available to the legislative body. Note: All items appearing on the agenda are subject to action by the Board. Staff recommendations are subject to change by the Board. Page 3 of 3

4 SAN MATEO COUNTY TRANSPORTATION AUTHORITY (TA) 1250 SAN CARLOS AVENUE, SAN CARLOS, CA MINUTES OF SEPTEMBER 7, 2017 MEMBERS PRESENT: MEMBERS ABSENT: STAFF PRESENT: E. Beach, M. Freschet, C. Groom (Chair), K. Ibarra, C. Johnson, K. Matsumoto D. Horsley M. Beveridge, J. Cassman, A. Chan, C. Gumpal, J. Hartnett, J. Hurley, M. Martinez, J. Slavit Chair Carole Groom called the meeting to order at 5:02 p.m. CITIZENS ADVISORY COMMITTEE (CAC) REPORT Included in the Reading File. APPROVAL OF CONSENT CALENDAR a. Approval of Minutes of August 3, 2017 b. Acceptance of Statement of Revenues and Expenses for July 2017 c. Reaffirm the San Mateo County Transportation Authority Investment Policy and Reauthorize Investment of Monies with the Local Agency Investment Fund Motion/Second: Johnson/Freschet Ayes: Beach, Freschet, Ibarra, Johnson, Matsumoto, Groom Absent: Horsley PUBLIC COMMENT None. CHAIRPERSON S REPORT No report. SAN MATEO COUNTY TRANSIT DISTRICT LIASON REPORT K. Matsumoto Director Matsumoto reported the completion and approval of the negotiations with Amalgamated Transit Union (ATU) Local JOINT POWERS BOARD REPORT J. Hartnett Mr. Jim Hartnett, General Manager/CEO, stated his Joint Powers Report is in the Board s Agenda Packet. Page 1 of 8

5 Transportation Authority Board Minutes of September 7, 2017 REPORT OF THE EXECUTIVE DIRECTOR J. Hartnett Mr. Jim Hartnett, Executive Director, stated his written report is in the Board s Agenda Packet. APPROVE POLICY REVISIONS FOR MEASURE A HIGHWAY PROGRAM CALL FOR PROJECTS Mr. Joel Slavit, Manager Programming and Monitoring, presented an outline and background of the Highway Capital Improvement Program (CIP). Within a 10 year shortfall (Fiscal Year (FY) , the total project costs would amount to $1,587 million; the total projected funding would amount to $631million with a total shortfall of $956 million. Mr. Slavit added the Key Congested Areas (KCA) is designated to receive 17.3 percent of revenue over the life of Measure A. Supplemental Roadway (SR) projects are designated to receive 10.2 percent of revenue over the life of Measure A. Highway projects not on the KCA list can only be funded as SR projects. Mr. Slavit presented a recommendation to continue funding calls prioritizing Pipeline projects, with a small set-aside (up to $10 million) for planning and environmental work for other projects. The recommendation focuses on three points a) on completing projects already started, given constrained revenue sources; b) Pipeline projects with the greatest merit will be funded and c) provides a compromise between status quo and focusing funding to Pipeline projects in hot spots only. Mr. Slavit outlined the proposed match requirement which will require a minimum funding match with future funding calls to better leverage Measure A investments. Options under consideration have a minimum of 10 percent match for all project phases, a minimum of 10 percent match prior to clearance and a minimum of 20 percent match for PS&E, Right of Way (ROW) and construction. New facilities (e.g. 101/Candlestick and 101/Produce) to include funding plan that shows match proportionate to the need generated from new development. Mr. Slavit presented a recommendation that would require a minimum of 10 percent match prior to clearance, minimum 20 percent match for Planning Specifications and Engineering (PS&E), Right-of-Way (ROW) and construction. New facilities should provide match proportionate to the need generated from new development for PS&E, ROW and construction. The latter leverages constrained Measure A revenue. Sponsors can apply for other external funds in addition to using local funds as a match and new development pays its fair share to help mitigate for the needs it generates. Next Steps: September Action items recommended for policy revisions will be collected October Presentation on the release of the 2017 Highway Program Call for Projects November/December 2017 Proposed reprogramming of inactive projects January 2018 Information item on recommended project funding awards February 2018 Action item for project funding awards Page 2 of 8

6 Transportation Authority Board Minutes of September 7, 2017 Director Cameron Johnson recommended some additional language to be included by legal for clarity because of the current flexibility in the context of the resolution. Legal Counsel Joan Cassman agreed. Ms. Cassman stated that it looks like there is another standard on new facilities and we should call that out in the resolution once the Board has determined what the context should be. Chair Groom additionally requested to have some clarity on what kind of project and what kind of match, and hopes it would either be local, federal or state. She believes additional information will provide a better understanding of how much money the TA is looking for and how much money the TA would spend and believes the Project applicants would have a better idea as well. Mr. Hartnett stated there might be confusion on what match means. He defined the word match meaning any money that is not TA money. PUBLIC COMMENT Mr. Paul Krupka, San Mateo, is a professional engineer and an independent transportation consultant and a 30-year resident of San Mateo County. Mr. Krupka stated he is very appreciative of the Board and the Transportation Authority Measure A Program. Mr. Krupka is also the project manager for Redwood City -101 Woodside Road Project and he believes that the revisions are quite prudent and pragmatic. He stated he had some conversations with Joe Hurley and Joel Slavit about this and had some input which was very helpful with regard to the Redwood City project. Mr. Krupka thanked the Board and staff (especially, the Committee Members and April Chan). He feels that we all are taking good care of the county s money. Director Beach expressed concerns about placing more artificial constraints on what we can do locally and make good intelligent decisions as far as the match funding is concern. She stated the Board should think about cities that may not have access to these matching funds. Smaller cities may have a really important project but they might not have a really huge general fund to contribute to it or they might not have enough visibility on their project that will get the attention of Regional Measure 3 (RM3) or Senate Bill 1 (SB1). Director Beach feels it might have some unintended consequences. Director Ken Ibarra stated Director Beach brought some really good points and for 20 years he has seen projects where no one knew where the funding was coming from, he believes Measure A is a good source for funding. Director Ibarra added that they need to be as flexible and thanked Director Beach. This item will come back to the Board next month. PROGRAM REPORT: TRANSIT DUMBARTON TRANSPORTATION CORRIDOR STUDY Ms. Chan reported the Dumbarton Transportation Corridor Study is being led by SamTrans. Page 3 of 8

7 Transportation Authority Board Minutes of September 7, 2017 SamTrans partnered with the following entities: ACTC - They are providing the Dumbarton Express City of Newark City of Fremont City of Union City City of Menlo Park City of Redwood City City of East Palo Alto Caltrans - They are the owner of the car bridge Route 84 MTC (Metropolitan Transportation Commission) Facebook They are funding the study Ms. Chan reported the environmental review process on the Dumbarton Rail Corridor was put on hold because the funding was not there to fully fund the project. As a result, SamTrans decided to take a fresh look since this Corridor has gotten more congested because increased employment and the West Bay has accumulated a significant amount of traffic coming from the East Bay. She stated funds for the rail corridor expanded the focus and the Study now includes Route 84 Highway. Ms. Chan reported that when they started this study they wanted to be agnostic in terms of who will be taking the eventual lead of the projects. They recognize the highway bridge is owned by Caltrans and MTC has jurisdiction over it because of its toll facility. The rail bridge is purchased with TA funds, but it is owned by SamTrans and therefore they are conducting the study. Ms. Chan reported on bus and approach improvements. Short-term (2020) o Expand Dumbarton Express bus on Highway Bridge increase frequency o Approach improvements Impact o $51 million capital, $12 million in Operating and Maintenance Cost (O&M) and an increase of 13,700 daily Transbay riders (34 percent increase) Ms. Chan stated in the short-term 2020, Facebook asked SamTrans to study an option to include a bike pedestrian multi-use path from Redwood City to East Palo Alto (Overpasses at Willow, Marsh, University, US-101). The initial preliminary cost would be $60 million investment with approximately $53,000 in Operating and Maintenance (O/M) cost. Ms. Chan reported the following recommendations for 2020: Expand Dumbarton Express bus including new routes to Menlo Park/Redwood City and Mountain View/Sunnyvale - looking at what we can do in terms of increasing Page 4 of 8

8 Transportation Authority Board Minutes of September 7, 2017 the amount of the express buses that can come across the highway bridge and what we can do to make bus riding more competitive with the car and increasing the frequency of that Dumbarton express bus Make approach improvements - looking at more approach improvements both East and West Bay, connecting traffic and then going over a grade separation. The TA is also proposing a fly over that will connect directly onto the 101. In the longer term the Study is recommending even more Express buses because once these improvements have been made, it is going to make SamTrans more competitive. Impacts - $51 million investment cost, $12 million O&M, there will be a 34 percent increase in transit. The involved entities would include AC Transit, ACTC, MTC, Caltrans, cities, etc. Not recommending construction of the bike-pedestrian multi-use path due to the rail right-of-way (ROW) limitations. Recommendations for express lanes on the highway bridge for the time frame. Mid-term (2025) Convert #1 lane to toll lane in each direction More approach improvements east and west bay (flyovers, grade separations, etc.) Connect rail ROW to US 101 via flyover Long-term (2030) Further enhanced Dumbarton Express bus Impact $849m capital, $20m O/M in mid-term $82m capital, $14m O/M in long-term ~21,300 daily Transbay riders (147% increase) Recommendations for the rail shuttle on rail bridge Mid-term (2025) New double-tracked rail service from Redwood City (RWC) to Newark, not interlined at Caltrain Long-term (2030) Further extend rail to Union City Impact $975m capital, $23m O/M (for Rail Shuttle to Newark) in mid-term Additional $295m capital, $32m O/M (to extend to Union City) in long-term ~15,600 daily Transbay riders (81% increase) Recommendations for 2025 Improve the Highway Bridge and Approaches One express lane in each direction Page 5 of 8

9 Transportation Authority Board Minutes of September 7, 2017 More approach improvements east and west bay (flyovers, grade separations, etc.) Buses use ROW to US-101 flyover Rail service on the rail bridge Rail Shuttle to Newark (double-tracked bridge) Impact $1.8b capital, $44m O/M Involved entities: Caltrain, UP, ACTC, MTC, Caltrans, STB, cities, etc. Recommendations 2030 Further enhanced Dumbarton Express bus service Extended rail service Rail Shuttle from Newark to Union City Impact $377m capital (in addition to $1.8b in 2025), $46m O/M Involved entities: Caltrain, UP, ACTC, MTC, Caltrans, STB, cities, etc. Ms. Chan stated this will help increase the public transit ridership. Rail commuter on rail bridge, double-track 2035 Longer-term (2035 or beyond) Interline with Caltrain Better connect to ACE, Capitol Corridor Impact $327m additional capital, $38m O/M ~23,300 daily Transbay riders (270% increase) paired with express lanes on Highway Bridge Involved entities: AC Transit, Caltrain, UP, ACE, Capitol Corridor, MTC, etc. Ms. Chan described in terms of the rail bridge, SamTrans is recommending using a study that was completed several years back that included creating a shuttle rail service between Redwood City and Newark (every 15 minutes) and at some point, further extending service to Union City. Ms. Chan stated the long term goal within the 2035-time frame is to make a seamless transition between the Dumbarton Rail Service and an Interline with Caltrain on the west bay, and connect an interline with Altamont Corridor Express (ACE) and Capitol Corridor on the East Bay. Ms. Chan presented funding challenges and opportunities: Use existing local funding: Measure A (San Mateo County), BB (Alameda County) Seek state, regional funding: SB1, RM3, etc. Solicit private contributions Pursue federal, state grants and financing Page 6 of 8

10 Transportation Authority Board Minutes of September 7, 2017 Explore value capture Identify project elements attractive for P3 Consider other alternative packages or phasing based on available funding Partnerships: ACE, State, Caltrans, etc. Ms. Chan reported SamTrans has expanded the public meetings/public outreach in the East Bay next week and at the end of September in Menlo Park in the Belhaven area. SamTrans has been conducting briefings at different city council meetings through the end of this month and expanded public comment from 30 days to 45 days. In the October-November time frame they will review and respond to public comments, incorporate changes to final recommendations, if appropriate and plan to take to the SamTrans Board for approval in November or December. Director Matsumoto strongly requests adding the bike and pedestrian path. Chair Groom concurred with Director Matsumoto s request. She believes if there is not a potential solution, the environment community will follow us with no end and we might end up constructing something that is not exactly right. Chair Groom believes we should provide a potential solution and/or an option for bicycles and pedestrians. Director Beach echoes Chair Groom and Director Matsumoto s comments on the bikepedestrian path. She conveyed everything they said makes great sense and the one thing she would like to add is we look at this project and she heard Ms. Chan say we must increase the public transit ridership. She added if we have a safe alternative Last Mile connection, this is the goal to inspire more people to take public transit connections. CAPITAL PROJECTS QUARTERLY STATUS REPORT 4TH QUARTER FY 2017 Mr. Joe Hurley, Director TA, recognized Ms. Pam Kwan, TA Project Manager, who in her short time at SamTrans has done a significant amount of hard work on the preparation of this Quarterly Status Report. Mr. Hurley presented on the Woodside Road Interchange Project. He stated the budget on this project for the design phase went to yellow. Because additional design cost was incurred above what the TA had allocated funding for. Mr. Hurley stated that on a positive note, since this reporting period, the City of Redwood City has secured an additional $1.5 million therefore the design phase is fully funded. He reported that the Holly Interchange Project has gone to red because the City of San Carlos is working on opportunities to go ahead with the pedestrian overcrossing and are still trying to secure the necessary funding. Page 7 of 8

11 Transportation Authority Board Minutes of September 7, 2017 GENERAL COUNSEL REPORT General Counsel Cassman said there have been recent developments in the Pacifican lawsuits and she anticipates a closed session for next month. WRITTEN COMMUNICATIONS TO THE AUTHORITY None. REQUEST FROM THE BOARD Director Matsumoto said a City of South San Francisco shuttle has been replaced with a low floor which makes it easier for wheelchairs and now has enough room for two bikes in front. She said there is a stop request system to see where the shuttle is located. Ms. Chan said there will be a shuttle workshop hosted by SamTrans at the end of this month. DATE AND PLACE OF NEXT REGULAR MEETING Thursday, October 5, 2017 at 5 p.m. in the San Mateo County Transit District Administrative Building, Bacciocco Auditorium, 2 nd floor, 1250 San Carlos Avenue, San Carlos CA The meeting adjourned at 6:30 p.m. Page 8 of 8

12 SAN MATEO COUNTY TRANSPORTATION AUTHORITY STAFF REPORT AGENDA ITEM # 5 (b) OCTOBER 5, 2017 TO: THROUGH: FROM: SUBJECT: Transportation Authority Jim Hartnett Executive Director Derek Hansel Chief Financial Officer STATEMENT OF REVENUES AND EXPENDITURES FOR THE PERIOD ENDING AUGUST 31, 2017 ACTION Staff proposes that the Board accept and enter into the record the Statement of Revenues and Expenditures for the month of August 2017 and supplemental information. The statement columns have been designed to provide easy comparison of year to date prior to current actuals for the current fiscal year including dollar and percentage variances. SIGNIFICANCE Year to Date Revenues: As of August year-to-date, the Total Revenues (page 1, line 7) is $0.5 million higher than prior year. This is primarily driven by higher Sales Tax revenue (page 1, line 1). Year to Date Expenses: As of August year-to-date, the Total Expenditures (page 1, line 26) is $0.2 million lower than prior year. This is primarily driven by Measure A Categories (page 1, line 13) as various projects are closed out or nearing completion in Fiscal Year This is partially offset by higher Staff Support costs (page 1, line 20) as we included unfunded California Public Employee s Retirement System (CalPERS) liability and Other Post-Employment Benefits (OPEB) liability in July. Budget Amendment: There are no budget amendments for the month of August Prepared By: Dapri Hong, Analyst, FP&A Ray Galindo, Accountant

13 Page 1 of 9 SAN MATEO COUNTY TRANSPORTATION AUTHORITY STATEMENT OF REVENUES AND EXPENDITURES Fiscal Year 2018 August 2017 PRIOR ACTUAL YEAR TO DATE CURRENT ACTUAL $ VARIANCE % OF YEAR ELAPSED: 16.7% % VARIANC ANNUAL BUDGET REVENUES: 1 Sales Tax 11,839,862 12,346, , % 84,660, Interest Income 1,098,282 1,049,780 (48,502) -4.4% 3,700, Miscellaneous Income 0 1,500 1, % Rental Income 206, ,469 1, % 792, Grant Proceeds % TOTAL REVENUE 13,144,165 13,605, , % 89,152, EXPENDITURES: Annual Allocations 4,321,550 4,506, , % 30,900, Measure A Categories 701,933 56,344 (645,589) -92.0% 52,912, Dumbarton Maintenance of Way 2,502 6,921 4, % 260, Oversight 124, ,193 94, % 1,185, Administrative Staff Support 112, , , % 867, Measure A Info-Others 20 - (20) % 15, Other Admin Expenses 101, ,235 16, % 703, Total Administrative 213, , , % 1,585, TOTAL EXPENDITURES 5,363,932 5,181,659 (1) (182,273) -3.4% 86,844, EXCESS (DEFICIT) 7,780,233 8,423, , % 2,308, BEGINNING FUND BALANCE 478,973, ,714, ENDING FUND BALANCE 486,753, ,138,091 (2) 643,347 2,308, * The TA Adopted Budget is the Board adopted budget effective June 1, /26/17 12:14 PM 48

14 SAN MATEO COUNTY TRANSPORTATION AUTHORITY ADMINISTRATIVE EXPENSES 350, , ,000 Dollars 200, ,000 Revised Budget Actuals 100,000 50,000 0 Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Current Year Data Jul '17 Aug '17 Sep '17 Oct '17 Nov '17 Dec '17 Jan '18 Feb '18 Mar '18 Apr '18 May '18 Jun '18 MONTHLY EXPENSES Revised Budget 227, ,007 Actual 338,084 54,648 CUMULATIVE EXPENSES Staff Projections 227, ,135 Actual 338, ,732 Variance-F(U) (110,956) (45,597) Variance % % % Page 2 of 9

15 6/ Page 3 of 9 BOARD OF OF DIRECTORS CAROLE GROOM, CHAIR KARYL DON HORSLEY, MATSUMOTO, VICE CHAIR CHAIR DAVID EMILY BEACH CANEPA, VICE CHAIR MAUREEN FRESCHET CAROLE KEN IBARRA GROOM DON CAMERON HORSLEY JOHNSON CAMERON KARYL MATSUMOTO JOHNSON TERRY NAGEL MARYANN JIM HARTNETT NIHART EXECUTIVE DIRECTOR JIM HARTNETT EXECUTIVE DIRECTOR SAN MATEO COUNTY TRANSPORTATION AUTHORITY CAPITAL PROJECT RESERVES AS OF AUGUST 31, 2017 MATURITY INTEREST PURCHASE MARKET TYPE OF SECURITY DATE RATE PRICE VALUE County Pool #2 * Liquid Cash 1.245% $ 326,461,776 $ 326,461,776 Local Agency Investment Fund ** Liquid Cash 1.084% $ 984,363 $ 984,363 Investment Portfolio *** Liquid Cash 1.610% $ 157,777,605 $ 157,872,319 Other Liquid Cash 0.000% $ 363,581 $ 363,581 $ 485,587,326 $ 485,682,039 Accrued Earnings for August 2017 $ 555,790 Cumulative Earnings FY2018 $ 1,114,513 * County Pool average yield for the month ending August31, 2017 was 1.245%. As of August2017, the total cost of the Total Pool was $4,478,929, and the fair market value per San Mateo County Treasurer's Office was $4,486,427, ** The market value of Local Agency Investment Fund (LAIF) is calculated annually and is derived from the fair value factor as reported by LAIF for quarter ending June 30th each year. *** The Portfolio and this Investment Report comply with the Investment Policy and the provisions of SB 564 (1995). The Authority has the ability to meet its expenditure requirements for the next six months.

16 Page 4 of 9 SAN MATEO COUNTY TRANSPORTATION AUTHORITY INTEREST ON INVESTMENTS August 31, 2017 DESCRIPTION TOTAL INTEREST PREPAID INT INTEREST INTEREST ADJ. INTEREST INVESTMENT RECEIVABLE RECEIVABLE EARNED RECEIVED RECEIVABLE LAIF 984, , COUNTY POOL 326,461, , , , BANK OF AMERICA 160, WELLS FARGO US BANK (Cash on deposit) 203, INVESTMENT PORTFOLIO 157,872, , , , , ,682, , , , ,074, AUGUST SUMMARY OF INTEREST & CAPITAL GAIN YEAR TO DATE -- SUMMARY Interest Earned Per Report 08/31/17 555, Interest Earned 1,114, Add: Add: Less: Less: Management Fees (10,368.54) Management Fees (20,790.57) Amortized Premium/Discount 67, Amortized Premium/Discount Capital Gain(Loss) (49,080.48) Capital Gain(Loss) (64,732.81) Total Interest & Capital Gain(Loss) 563, Total Interest 1,029, Balance Per Ledger 08/31/17 Amort Premium/Discount Management/Bank Fees (20,790.57) Interest -County Pool 653, Interest- LAIF 1, Interest- Portfolio Funds 459, Gain(Loss) (64,732.81) 1,029, Sep

17 INVESTMENT PORTFOLIO August 31, 2017 ORIGINAL MARKET INTEREST PREPAID INTEREST INTEREST Page 5 of 9 SETTLE PURCHASE VALUE MATURITY INT RATE/ APPL. REC'VBLE INT REC'VBLE EARNED INTEREST REC'VBLE PAR TYPE OF SECURITY CUSIP # DATE PRICE 8/31/2017 DATE RATE DAY DAYS 7/31/2017 7/31/2017 8/31/2017 RECEIVED ADJ. 8/31/2017 VALUE SECURITES MANAGED BY INVESTMENT ADVISOR: U.S. TREASURY NOTES AND BONDS US TREASURY NOTE Q ,136, ,179, % , , , ,200,000 US TREASURY NOTE ST , , % ,000 US TREASURY NOTE F , , % , , ,000 US TREASURY NOTE VF ,403, ,495, % , , , ,500,000 US TREASURY NOTE VP2 08/01/2017 4,186, ,115, % , , ,050,000 US TREASURY NOTE L ,832, ,796, % , , , ,800,000 US TREASURY NOTE R ,409, ,474, % , , , ,500,000 US TREASURY NOTE D ,472, ,526, % , , , , ,400,000 US TREASURY NOTE T ,420, ,434, % , (28,690.56) 31, ,550,000 FEDERAL AGENCY COLLATERIZED MORTGAGE OBLIGATIONS FNMA 3136ANJY , , % , , ,834 FNA 2014-M6 A2 3136AJ7G ,519, ,543, % , , , , ,450,000 FANNIE MAE 3136AQDQO ,187, ,175, % , , ,175,241 FEDERAL AGENCY NOTES AND BONDS FHLMC 3137EAEB ,638, ,606, % , , , ,650,000 FNMA 3135GON ,194, ,168, % , , , , ,200,000 FHLB 3130A8QS ,180, ,138, % , , , ,200,000 FHLB BR , , % , , , ,000 FHLB 3130A8Y , , % , , ,000 FNMA 3135G0N , , % ,000 FNMA 3135G0N ,664, ,635, % , , , , ,675,000 FNMA 3135G0P ,993, ,968, % , , , ,000,000 FNMS 3135GOT60 T ,392, ,398, % , , ,400,000 FHLB 3130A9EP ,695, ,660, % , , , ,700,000 FHLMC 3137EAED , , % , , , ,000 FNMA 3135G0T ,653, ,657, % , , , ,655,000 FHLB 3130AAXX ,955, ,966, % , , , ,965,000 FHLMC 3137EAEF ,690, ,693, % , , , ,700,000 CORPORATE NOTES TOYOTA MOTOR 89236TDH ,149, ,146, % , , , ,150,000 TOYOTA MOTOR CREDIT CORP 89236TDM ,999, ,004, % , , , ,000,000 AMERICAN EXPRESS 0258M0EC ,799, ,788, % , , , ,800,000 MORGAN STANLEY P ,516, ,442, % , , , ,150,000 PFIZER INC EB ,078, ,084, % , , , ,080,000 JOHN DEERE 24422ESR ,325, ,315, % , , , ,315,000 JOHN DEERE CAPITAL CORP ETM ,199, ,201, % , , , ,200,000 JOHN DEERE CAPITAL CORP ETL , , % , , , ,000 GOLDMAN SACHS 38141GGQ ,035, ,029, % , , , ,750,000 AMERICAN HONDA 02665WAH ,165, ,182, % , , , , ,150,000 CITIGROUP INC LF ,574, ,588, % , , , ,575,000 MICROSOFT CORP BV ,518, ,529, % , , , , ,520,000 BERKSHIRE HATHAWAY BL ,167, ,178, % , , , , ,150,000 WALT DISNEY 25468PDP , , % , , , ,000 APPLE INC BONDS CS ,323, ,329, % , , , ,325,000 JP MORGAN CHASE & CO 46625HJD ,622, ,630, % , , , ,500,000 HOME DEPOT INC BQ , , % , , , , % 3.43% 23.42% 20.20%

18 INVESTMENT PORTFOLIO August 31, 2017 ORIGINAL MARKET INTEREST PREPAID INTEREST INTEREST Page 6 of 9 SETTLE PURCHASE VALUE MATURITY INT RATE/ APPL. REC'VBLE INT REC'VBLE EARNED INTEREST REC'VBLE PAR TYPE OF SECURITY CUSIP # DATE PRICE 8/31/2017 DATE RATE DAY DAYS 7/31/2017 7/31/2017 8/31/2017 RECEIVED ADJ. 8/31/2017 VALUE SECURITES MANAGED BY INVESTMENT ADVISOR: COMMERCIAL PAPERS BNP PARIBAS NY BRANCH 09659CC ,167, ,175, % ,200,000 CANADIAN IMPERIAL HLDNG 13607EXD ,068, ,095, % ,100,000 BANK OF TOKYO MITSUBISHI 06538BXP ,979, ,994, % ,000,000 CREDIT AGRICOLE CIB NY 22533TYL ,980, ,991, % ,000,000 ING (US) FUNDING LLC 4497W0WM ,987, ,997, % ,000,000 CERTIFICATE OF DEPOSIT CANADIAN IMPERIAL BANK NY 13606A5Z ,097, ,107, % , , , ,100,000 SVENSKA HANDELSBANKEN NY 86958JHB ,100, ,088, % , , , ,100,000 NORDEA BANK FINLAND NY 65558LWA ,100, ,107, % , , , ,100,000 BANK OF NOVA SCOTIA HOUSTON 06417GUE ,100, ,095, % , , , ,100,000 SUMITOMO MITSUI BANK NY 86563YVN ,100, ,111, % , , , ,100,000 ASSET-BACKED SECURITY/COLLATERIZED MORTGAGE OBLIGATIONS CCCIT 2017-A2 A EGA ,649, ,657, % , , , ,650,000 ALLYA A PAC , , % ,000 FORDO 2017-A A EAD ,199, ,201, % , , , , ,200,000 TAOT 2017-A A MAD , , % , , ,000 ALLYA A HAC ,484, ,489, % , , , , ,485,000 TAOT 2017-B A BAD ,099, ,108, % , , , , ,100,000 CCCIT 2017-A3 A EGB ,604, ,608, % , , , ,600,000 JOHN DEERE ABS 47788BAD , ,003, % , , ,000,000 AMXCA A 02582JHG ,199, ,201, % , , ,200,000 SALE/PAYDOWN/MATURITY: FREDDIE MAC 3137EADP % , , (0.00) FHLB 3130A9AE % , , , % 9.86% 10.00% CASH AND CASH EQUIVALENT 31846V TOTAL 157,777, ,872, , , , , ,208, Sep-17 Weighted Average Interest Rate %

19 SAN MATEO COUNTY TRANSPORTATION AUTHORITY Page 7 of 9 1/2 CENT SALES TAX RECEIPTS AND PROJECTIONS FY2018 AUGUST 2017 Approved Budget Receipts Over/(Under) Current Date Amount Date Amount Budget/Projection Projection FY2017: 1st Quarter 19,338,441 1st Quarter 18,526,300 (812,141) 18,526,300 2nd Quarter 20,753,590 2nd Quarter 22,307,178 1,553,588 22,307,178 3rd Quarter 21,051,276 3rd Quarter 19,175,362 (1,875,914) 19,175,362 4th Quarter 21,856,693 4th Quarter 24,345,230 2,488,537 24,345,230 FY2017 Total 83,000,000 FY2017 Total 84,354,070 1,354,070 84,354,070 FY2018: Jul. 17 6,173,245 Sep. 17 6,173,245 Aug. 17 6,173,245 Oct. 17 6,173,245 Sep. 17 9,148,973 Nov. 17 9,148,973 3 Months Total 21,495, ,495,463 Oct. 17 6,484,778 Dec. 17 6,484,778 Nov. 17 6,279,663 Jan. 18 6,279,663 Dec. 17 9,645,126 Feb. 18 9,645,126 6 Months Total 43,905, ,905,030 Jan. 18 5,525,697 Mar. 18 5,525,697 Feb. 18 5,504,678 Apr. 18 5,504,678 Mar. 18 7,882,317 May 18 7,882,317 9 Months Total 62,817, ,817,722 Apr. 18 6,117,920 Jun. 18 6,117,920 May 18 6,103,123 Jul. 18 6,103,123 Jun. 18 9,621,235 Aug. 18 9,621,235 FY2018 Total 84,660,000 FY2018 Total ,660,000 12,346,490 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 12,346,490 YTD Actual Per Statement of Revenue & Expenses

20 SAN MATEO COUNTY TRANSPORTATION AUTHORITY CASH AND INVESTMENTS AS OF AUGUST 31, 2017 Page 8 of 9 8/31/2017 Cash -- Bank of America Checking Account 160, Cash -- Wells Fargo Lockbox Account 0.00 Cash - US Bank (on deposit) 203, LAIF 984, County Pool 326,461, Investment Portfolio 157,872, Total 485,682,039.49

21 Page 9 of 9 SAN MATEO COUNTY TRANSPORTATION AUTHORITY CHECKS WRITTEN AUGUST 2017 Unit Ref Name Amount Method Description SMCTA MATSUMOTO, KARYL M ACH Board Member Compensation SMCTA HORSLEY, DONALD ACH Board Member Compensation SMCTA JOHNSON, CAMERON ACH Board Member Compensation SMCTA ARRANGED4COMFORT CHK Office Furniture SMCTA JACOBS ENGINEERING GROUP INC. 2, CHK Consultants SMCTA PAG WEST LLC 18, CHK Real Estate (Tenant Lease) SMCTA PUBLIC FINANCIAL MANAGEMENT, INC. 9, CHK Investment Advisory Services SMCTA SLAVIT, JOEL A CHK Business Meetings SMCTA ROSS FINANCIAL 2, CHK On-Call financial analysis services SMCTA CITY OF PACIFICA 154, CHK Capital Programs (1) SMCTA KHOURI CONSULTING 3, CHK Legislative Advocate SMCTA SAN CARLOS, CITY OF 43, CHK Capital Programs (2) SMCTA SELF-HELP COUNTIES COALITION 4, CHK FY18 membership dues SMCTA SLAVIT, JOEL A CHK Business Meetings SMCTA AMERICAN PLANNING ASSOCIATION CHK Membership Dues SMCTA HANSON BRIDGETT LLP 21, CHK Legal Services SMCTA MENLO PARK, CITY OF 36, CHK Capital Programs (2) SMCTA MENLO PARK, CITY OF 38, CHK Capital Programs (2) SMCTA MENLO PARK, CITY OF 29, CHK Capital Programs (2) SMCTA URS CORPORATION 144, CHK Consultants SMCTA DEPARTMENT OF TRANSPORTATION 2,329, CHK Capital Programs (3) SMCTA PENINSULA CORRIDOR JOINT POWERS BOARD 2,893, WIR Capital Programs (4) SMCTA PENINSULA CORRIDOR JOINT POWERS BOARD 2,311, WIR Capital Programs (5) 8,046, (1) San Pedro Creek/Rte 1 Bridge R (2) FY17/FY18 Local Shuttles (3) 101Interchange to Broadway $410,345.27; 101 Interchange to Willow $674,918.43; Marsh to SM/SC line $1,876; 101 HOV Ln Whipple - San Bruno $285,030.58; SR92 El Camino Real Ramp $957, (4) 25th Ave Grade Separation (5) Caltrain Electrification

22 AGENDA ITEM # 5 (c) OCTOBER 5, 2017 SAN MATEO COUNTY TRANSPORTATION AUTHORITY STAFF REPORT TO: THROUGH: FROM: SUBJECT: Transportation Authority Jim Hartnett Executive Director Derek Hansel Chief Financial Officer APPROVAL AND RATIFICATION OF THE FISCAL YEAR 2018 TRANSPORTATION AUTHORITY INSURANCE PROGRAM ACTION Staff proposes that the San Mateo County Transportation Authority (TA) approve and ratify the TA s Insurance Program obtained through the TA s insurance broker, Wells Fargo Insurance Services, for Fiscal Year (FY) 2018, at a total premium cost of $355,605 inclusive of the following: Purchase $11 million combined single limit bodily injury and property damage coverage under Primary and Excess Commercial General Liability policies; and Obtain Public Officials Liability insurance with policy limits of $3,000,000; and Purchase property insurance for the Dumbarton Rail Bridge at a limit of $5,000,000. SIGNIFICANCE The TA s insurance program includes Primary and Excess Commercial General Liability and Public Officials Liability coverage, as detailed in the chart below. The overall increase in insurance premiums for the TA is 4.02 percent and is largely due to an increase in payroll costs. Principal FY2017 FY2018 Program Conditions Premium Premium Primary and Excess Commercial General Liability $11 million $193,570 $212,547 Public Officials Liability $3 million limit $ 43,546 $ 43,795 Dumbarton Rail Bridge $5 million limit $ 104,490 $ 99,263 TOTAL $ 341,606 $ 355,605 Page 1 of

23 BUDGET IMPACT Funds to underwrite the recommended excess liability and public officials liability elements of the program are included in the FY2018 Budget. Funding for the Dumbarton Rail Bridge premium will be included in the mid-year budget amendment request. BACKGROUND Liability Program Until several years ago, the TA s liability coverage was included under the San Mateo County Transit District's (District) insurance program and was subject to the District s $1 million dollar retention (or deductible) applying to all claims. Being part of the District's program also required the TA to share policy limits with the District. As the TA s operations differ significantly from the District s and the TA was starting to see claims activity, it was recommended that the TA obtain its own insurance, which is available with a much lower retention. The lower retention is in recognition that the TA is primarily a planning and funding entity and has no transit passenger operations. The policy obtained for the TA has only a $50,000 retention/deductible. The recommended Primary and Excess Commercial General Liability program for the TA has a combined single limit for bodily injury and property damage of $11million. This figure is comprised of a $1 million Primary Commercial General Liability insurance policy plus a $10 million Excess Liability insurance policy. These limits are not shared with any other entity. In past years under the District s program, the TA also had coverage under the District s Public Officials Liability insurance policy, which also had $1 million retention. By obtaining its own Public Officials Liability insurance policy, the TA s retention is only $50,000 and the dedicated limit for the TA is $3 million. In excess of the TA's own insurance policies the TA still remains a named insured, and is afforded coverage under, District's insurance program. Dumbarton Rail Bridge The TA continues to purchase property insurance on the Dumbarton Rail Bridge on an actual cash value basis (not replacement cost) with a $5 million limit, including coverage for fire, debris removal and collisions with ships. Summary With its own insurance program the TA now takes advantage of much lower retentions and deductibles than when it was part of the District s program. In addition, coverage under the TA s insurance program is specifically designed to cover the TA s operations and is not shared with any other entity. Prepared by: Marshall Rush, Claims Administrator Page 2 of

24 RESOLUTION NO BOARD OF DIRECTORS, SAN MATEO COUNTY TRANSPORTATION AUTHORITY STATE OF CALIFORNIA * * * APPROVING AND RATIFYING THE INSURANCE PROGRAM FOR FISCAL YEAR 2018 WHEREAS, the Executive Director of the San Mateo County Transportation Authority (TA) has approved an insurance program for Fiscal Year (FY) 2018 with premiums totaling $355,605; and WHEREAS, in conjunction with the expiration of the TA s existing insurance program on June 30, 2017, TA staff renewed its insurance program for FY2018 based on the plan approved by the Executive Director, with the following significant elements: 1. Primary and Excess Commercial General Liability insurance with a total limit of $11 million and $50,000 retention for an annual premium of $212,547; 2. Obtain Public Officials Liability insurance with a total policy limit of $3 million and $50,000 retention for an annual premium of $43,795; and 3. Property insurance for the Dumbarton Rail Bridge with a total limit of $5,000,000 and for an annual premium of $99,263; and 4. WHEREAS, the TA also is a named insured and afforded coverage under the San Mateo County Transit District's insurance program, in excess of the TA's dedicated insurance policies; and WHEREAS, staff recommends that the Board of Directors approve and ratify the renewal of the District s insurance program for FY2018, as delineated above. NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of the San Mateo County Transportation Authority hereby approves and ratifies the renewal of Page 1 of

25 the TA s insurance program for FY2018, including the types of coverage, limits and premiums recited above. Regularly passed and adopted this 5 th day of October, 2017 by the following vote: AYES: NOES: ABSENT: ATTEST: Chair, San Mateo County Transportation Authority TA Secretary Page 2 of

26 BOARD OF DIRECTORS 2017 Memorandum CAROLE GROOM, CHAIR DON HORSLEY, VICE CHAIR EMILY BEACH MAUREEN FRESCHET KEN IBARRA CAMERON JOHNSON KARYL MATSUMOTO JIM HARTNETT EXECUTIVE DIRECTOR Date: September 28, 2017 To: From: Subject: TA Board of Directors Jim Hartnett, Executive Director October 5, 2017 TA Board Meeting Executive Director s Report 101/Broadway Interchange On September 14, a ribbon cutting ceremony was held to commemorate the completion of the 101/Broadway Interchange Project in the City of Burlingame. Staff from Caltrans, Burlingame and the TA along with a number of elected officials gathered to celebrate this significant milestone. The $91 million project was included in the original Measure A Program approved by the voters in 1988, and was funded with a combination of State and local funding including $59 million of Measure A funding from the San Mateo County Transportation Authority. 25 th Avenue Grade Separation A groundbreaking ceremony for the start of construction of the 25 th Avenue Grade Separation project took place in San Mateo on Tuesday, September 26. The project will separate the current at-grade crossing at 25 th Avenue and add new grade separated crossings at 28 th and 31 st Avenues as well as construct a new Hillsdale Station. This project will result in improvements to local traffic flow and safety, and will transform the entire area by connecting to the development to the east of the tracks. The total cost of the project is $180 million, more than $70 million of which TA funded for planning, design, and construction. SAN MATEO COUNTY TRANSPORTATION AUTHORITY 1250 San Carlos Ave. P.O. Box 3006 San Carlos, CA (650)

27 Jim Hartnett September 28, 2017 Page 2 Shuttle Technical Assistance Workshop On Wednesday, September 27, TA staff hosted a Shuttle Program Technical Assistance Workshop in conjunction with the City/County Association of Governments of San Mateo County (C/CAG), SamTrans, and Commute.Org. The workshop provided an overview of shuttle best-practices with respect to the planning and administration of shuttles, in order to assist potential shuttle sponsors in submitting more cost-effective and productive shuttle proposals. The workshop was well attended by sponsors of new shuttles as well as sponsors of existing shuttles that do not currently meet established operating performance benchmarks. Technical assistance will be available for all sponsors who will be submitting applications for Measure A funding. Bike and Pedestrian Program Call-for-Projects Staff is proposing to issue the next cycle of Bike and Pedestrian Program Call-for- Projects shortly after the TA Board meeting in November. Staff will be presenting this item at the November TA Board Meeting. 2

28 AGENDA ITEM # 11 (a) OCTOBER 5, 2017 SAN MATEO COUNTY TRANSPORTATION AUTHORITY STAFF REPORT TO: THROUGH: FROM: SUBJECT: Transportation Authority Jim Hartnett Executive Director April Chan Chief Officer, Planning, Grants and the Transportation Authority PROGRAM REPORT: 101 CORRIDOR MANAGED LANES ACTION No action is required. This item is being presented to the Board for information only. SIGNIFICANCE This presentation is part of a series of program reports presented to the Board. Each of the Transportation Authority s (TA) six program areas Transit, Highways, Local Streets/Transportation, Grade Separations, Pedestrian & Bicycle, and Alternative Congestion Relief will be featured individually throughout the year. This month features a report on the 101 Managed Lanes Corridor Project under the Highway Program category. BUDGET IMPACT There is no impact on the budget. BACKGROUND On May 4, 2015, Caltrans approved a Project Initiation Document (PID) for a project that proposes to extend the existing High Occupancy Vehicle (HOV) lanes on the 101 Corridor in San Mateo County, fourteen and a half miles from Whipple Road to I-380. On October 1, 2015, the TA Board authorized the allocation of $8.5 million of Measure A funding for the Project Approval/Environmental Document (PA/ED) phase of the project. Resulting from input of project stakeholders including both public agencies and private employers, the limits of the study expanded beyond what had been developed in the PID. Project limits have been extended seven miles south to a total length of 22 and a half miles to better coordinate with the work Santa Clara County is proposing on the 101 Corridor. Page 1 of 2

29 A range of project alternatives, including express lanes, is being developed and analyzed on the ability of each alternative to meet the purpose and need of the project which are as follows: Reduce congestion in the corridor Encourage carpooling and transit use Improve travel time reliability Minimize operational degradation of the general purpose lanes Increase person throughput Apply technology and/or design features to help manage traffic In June 2016, the TA took an action for the TA to become a Co-Sponsor with City/County Association of Governments of San Mateo County for the 101 ML Project. The Board also authorized an agreement with San Mateo County Economic Development Association, which has brought an additional $3 million in private sources to fully fund the $11.5 million environmental phase of the project. Public outreach and engagement with project stakeholders began in October 2016 with a public scoping meeting. Since that time there have been a number of meetings with staff from local jurisdictions along the 101 corridor. There have been two Community Meetings, in May in San Mateo and in June in Redwood City. The team was successful in securing an additional $9.5 million of federal-earmarked funding to fund advanced design work that will expedite project delivery. The current schedule proposes to release the draft environmental document this fall which reports the benefits and impacts that are anticipated to be realized with the implementation of the project. The public will have the opportunity to review and comment on the document and its supporting technical studies such as traffic, air quality, noise etc. The team will compile and respond to comments received during the public comment period and finalize the document in the fall of This month s presentation will be presented via PowerPoint. Prepared by: Joseph Hurley, Director, Transportation Authority Program Page 2 of 2

30 SAN MATEO COUNTY TRANSPORTATION AUTHORITY STAFF REPORT AGENDA ITEM # 11 (b) OCTOBER 5, 2017 TO: THROUGH: FROM: SUBJECT: Transportation Authority Jim Hartnett Executive Director April Chan Chief Officer, Planning, Grants and the Transportation Authority MEASURE A HIGHWAY PROGRAM FUNDING POLICY REVISIONS ACTION Staff proposes that the Board approve the following funding policy revisions for Measure A Highway Program Calls for Projects (CFP): 1) Prioritize projects that are already in the Measure A funding pipeline to enable sponsors to complete work already started, but also set aside up to $10 million, through the remaining life of Measure A, to assist with the planning and environmental phases of work for projects that are not already in the Measure A funding pipeline. 2) Further leverage Measure A investments by requiring a minimum 10 percent funding match with each phase of work for all projects. Eligible sources of matching funds may consist of federal, state, regional and/or local sources, including those from private development as well as a project sponsor s Measure A Local Streets and Transportation Program funds. A list of potential public funding sources that can serve as match is included as Exhibit A. 3) For new highway facilities (e.g. those consisting of roads and/or interchanges at locations where they currently don t exist) that are already in the Measure A funding pipeline, the required funding match may be greater than 10 percent for the final design, right of way and construction phases of work. The match requirement will be proportionate to the impacts from additional traffic generated from new land use development that is generating the need for the new facility. The match requirement will be evaluated on a case-by-case basis with the project sponsor. 4) To further promote timely use of funds, there must be substantial activity on a project within two years of receiving a funding award, including demonstrating expenditures on the project. Page 1 of 9

31 SIGNIFICANCE At the San Mateo County Transportation Authority's (TA) September Board of Directors (Board) meeting, staff presented proposed funding policy revisions to the Measure A Highway Program Call For Projects (CFP) process. Based on input from the Board, staff has refined and updated the following revisions: Minimum Matching Funds Requirement The minimum matching funds requirement is now proposed to be 10 percent for each project phase of work, which replaces the previous proposal presented at the September TA meeting that would have required a 20 percent match for post environmental phases of work (right of way, final design and construction). The revised proposed policy will still help to further leverage constrained Measure A funds, as there has been no matching fund requirement for past CFPs. Consistent with past CFPs, funding leverage will remain one of several criteria on which projects are evaluated and prioritized. Sponsors with projects that provide higher percentages of matching funds, beyond the minimum 10 percent, will score better under these criteria. Further information on the scoring criteria is provided in the highway CFP presentation, which is also included in the October meeting agenda for Board consideration. Matching Funds for New Facilities At the September TA Board meeting, staff proposed a match requirement for Board consideration and adoption with respect to new highway facilities. The Board requested further clarification on the proposal. Staff recommends that sponsors of new highway facilities provide matching funds for the final design, right of way and construction phases of work that are proportionate to the impacts from additional traffic generated from the new land use developments that are generating the need for the new highway facilities. Determination as to the amount of match required for these highway projects, beyond 10 percent, will be made on a case-by-case basis, in consultation with the highway project sponsor and taking into account information from the approved planning and environmental documents for the development projects. Timely Use of Funds Policy The TA s Short Range Highway Plan (SHRP) contains a policy guideline that states, Projects must remain active to keep allocated funds. If there is no substantial activity on the project for five years or more, reallocation of funds to other active projects will be considered. In light of constrained funding resources to meet identified project costs, there is a need to better ensure that awarded funds be utilized in a timely manner. Staff is recommending that this established timely use of funds policy be reduced from five years or more to two years. A determination as to what constitutes substantial activity on a project will be made on a case by case basis, but will include demonstrating expenditures on the project. BUDGET IMPACT The proposed policy revisions have no impact on the budget at this time. Page 2 of 9

32 BACKGROUND The TA has held two Measure A Highway Program CFPs since the implementation of the New Measure A Program, one in 2012 and one in Staff is planning to release the third Highway Program CFP after the TA s October 2017 meeting to fund projects that best meet the Highway Program selection and evaluation criteria contained in the Measure A Strategic Plan The proposed policy revisions, which have been developed in conjunction with the Highway Capital Improvement Program (CIP) Ad Hoc Advisory Committee, will improve the TA's ability to fund, manage and deliver highway projects in consideration of the significant needs of the Highway Program and the constrained revenue sources available to fulfill those needs. A current list of highway projects that have been awarded Measure A funds that are moving through the project delivery process is attached as Exhibit B. The proposed setaside of up to $10 million for projects that have not previously received Measure A funding represents roughly 2 percent of the projected available Highway Program revenue of almost $500 million through the remaining life of the Measure, assuming an annual revenue escalation rate of 2.5 percent. Although costs vary depending on the scale and complexity of projects, it is projected that this set-aside could fund the planning and environmental phases of work of roughly three to five new highway projects that are not currently in the Measure A pipeline. In accordance with the voter-approved Transportation Expenditure Plan, a total of 27.5 percent of the New Measure A sales tax revenues are dedicated to the Highway Program for capital projects that reduce congestion and improve throughput and safety. Prepared by: Joel Slavit, Manager of Programming and Monitoring Page 3 of 9

33 EXHIBIT A: POTENTIAL EXTERNAL PUBLIC FUNDING SOURCES AVAILABLE FOR HIGHWAY PROJECTS IN SAN MATEO COUNTY Grant Program Administrator Eligible Projects Match Funding Funding Call Status Notes/Links State Transportation Improvement Program (STIP) (biennial cycles) California Transportation Commission (CTC) Geographic area: California Highway, transit & other facilities. Draft C/CAG recommendations proposed for the 2018 STIP include funding for the following Measure A pipeline projects: - US 101 Managed Lanes - US 101/Produce Ave. Interchange - US 101/SR 92 Interchange - US 101/Woodside Rd. Interchange None required Varies $55M in new funding proposed for San Mateo County in 2018 STIP C/CAG collaborated w/ the TA, Caltrans & cities on the prep. of the draft 2018 STIP, which provides new funding from FY2019 through FY2023 C/CAG approval : 10/12/17 MTC approval: 12/20/17 CTC adoption: 03/21/18 More info: ms/stip.htm Senate Bill 1 Solutions for Congested Corridors (biennial cycles) California Transportation Commission (CTC) Geographic area: California Projects that are part of a comprehensive corridor plan that reduce congestion in highly travelled corridors (state highways, local streets & roads, public transit & ped/bike facilities). Highway projects can include HOV/managed lanes & should mitigate VMT, greenhouse gas emissions & air pollution. Minimum of 30% proposed. No match requirement proposed for projects nominated by Caltrans $250M annually Funding proposed only for construction unless using a design-build delivery method Applications due: 02/16/18 Funding Awards: 05/16/18 1 st Call for Projects is proposed to program 4 years of funding from FY2018 through FY2021 Draft Guidelines to be presented at the 10/18/17 CTC meeting Final Program Guidelines to be adopted at the 12/6/17 CTC meeting More info: ms/sb1.html Page 4 of 9

34 EXHIBIT A: POTENTIAL EXTERNAL PUBLIC FUNDING SOURCES AVAILABLE FOR HIGHWAY PROJECTS IN SAN MATEO COUNTY Grant Program Administrator Eligible Projects Match Funding Funding Call Status Notes/Links Senate Bill 1 Local Partnership Program (LPP) biennial cycle for formulaic program; triennial cycle for competitive program California Transportation Commission (CTC) Geographic area: California Rehabilitation & maintenance, new construction & safety/ operational improvements for highways & local roads. Freeway soundwalls, public transit & ped/bike facilities are also eligible. 50% match required Match for formulaic program must be from voter approved transportation taxes or bridge tolls and fees Match for competitive program must be from: 1) voter approved transportation taxes or bridge tolls and fees; and 2) imposed fees (e.g. developer impact fees) $200M annually: $100M by formula $100M through a competitive program 1 st Call for Projects: 10/20/17 Formulaic Program: Applications due: 12/15/17 Funding Awards: 01/31/18 Competitive Program: Applications due: 01/31/18 Funding awards: 05/16/18 Program Guidelines to be adopted at 10/18/17 CTC meeting CTC to adopt formula funding shares: 12/6/17 More info: ms/sb1.html Senate Bill 1 Trade Corridor Enhancement Program (biennial cycle) California Transportation Commission (CTC) Geographic area: California Corridor based freight projects Minimum of 30% proposed. No match requirement proposed for projects nominated by Caltrans $300M annually 1 st Call for Projects: Applications due Funding Awards: 05/16/18 Draft Guidelines to be presented at 10/18/17 CTC meeting. Final Program Guidelines to be adopted at the 12/06/17 CTC meeting. More info: ms/sb1.html Page 5 of 9

35 EXHIBIT A: POTENTIAL EXTERNAL PUBLIC FUNDING SOURCES AVAILABLE FOR HIGHWAY PROJECTS IN SAN MATEO COUNTY Grant Program Administrator Eligible Projects Match Funding Funding Call Status Notes/Links Infrastructure For Rebuilding America (INFRA) Grants annual cycles through FY 2020; subject to appropriation Federal Dept. of Transportation (DOT) Geographic area: United States Highway and freight projects of national or regional significance including highway freight projects on the National Highway Freight Network and highway or bridge projects on the National Highway System. Can include railway-highway grade crossing or grade separation projects. Funds new projects, rehabilitation & operational improvements Minimum of 40%, of which 20% must be from non-federal sources $1.5B for FY 2017 & 2018 Current funding cycle: Applications accepted as of 08/01/17 Applications due 11/02/17 Replaces former FASTLANE grant program Minimum of 25% of funding for rural projects More info: v/buildamerica/infra/infranotice-funding-opportunity Page 6 of 9

36 EXHIBIT A: POTENTIAL EXTERNAL PUBLIC FUNDING SOURCES AVAILABLE FOR HIGHWAY PROJECTS IN SAN MATEO COUNTY Grant Program Administrator Eligible Projects Match Funding Funding Call Status Notes/Links Transportation Investment Generating Economic Recovery (TIGER) Program annual cycles through FY 2020; subject to appropriation Federal Dept. of Transportation (DOT) Geographic area: United States Capital projects that include, but are not limited to: 1) highway, bridge, or other road projects 2) public transportation projects 3) passenger and freight rail transportation projects 4) port infrastructure investments 5) intermodal projects Minimum of 20% from non-federal for projects located in urban areas $500 million for FY 2017 Current funding cycle: Applications accepted as of 09/17/17 Applications due 10/16/17 Grant awards may not be less than $5 million or greater than $25 million in urban areas. No more than $50 million can be awarded to a single state Not less than $100 million is to be used for projects in rural areas More info: v/tiger Page 7 of 9

37 EXHIBIT A: POTENTIAL EXTERNAL PUBLIC FUNDING SOURCES AVAILABLE FOR HIGHWAY PROJECTS IN SAN MATEO COUNTY Grant Program Administrator Eligible Projects Match Funding Funding Call Status Notes/Links Proposed Regional Measure 3 (RM3) funding cycles: TBD Metropolitan Transportation Commission (MTC) Geographic area: San Francisco Bay Area Capital and operating transportation projects that are on one of the corridors that connect to or are directly on the seven Bay Area bridges under the administration of the Bay Area Toll Authority (BATA) TBD bridge toll surcharge could increase $1 - $3, creating new revenues from $127M to $381M annually TBD. Subject to Governor signing authorizing legislation (Senate Bill 595) & the approval of Bay Area voters on the June or Nov ballot Proposed programs and projects related to highways, that could raise funds over a 25 year period: - $300M. for Bay Area Corridor Express Lanes (includes US 101) - $130M for Dumbarton Corridor Improvements - $50M for US 101/SR 92 Interchange Improvements - $20M for Regional Express Bus Page 8 of 9

38 EXHIBIT B: MEASURE A FUNDED HIGHWAY PROJECTS THAT ARE MOVING THROUGH THE PROJECT DELIVERY PROCESS Key Congested Area (KCA) Projects Project Name US 101/Broadway Interchange Improvements US 101/SR 92 Interchange Area Improvements SR 92/Delaware Interchange Improvements US 101/University Avenue Interchange Improvements 1 US 101/Willow Road Interchange Improvements SR 1 Safety & Operational Improvements: Poplar to Wavecrest 1 SR 1 Safety & Operational Improvements: Main to Kehoe 1 SR 92 Safety & Operational Improvements: SR 1 to Pilarcitos Creek 1 US 101/Woodside Road Interchange SR 92/ El Camino Real Interchange Project US 101/Peninsula Avenue Interchange Sponsor Burlingame C/CAG C/CAG East Palo Alto Menlo Park Half Moon Bay Half Moon Bay Half Moon Bay Redwood City San Mateo San Mateo Supplemental Roadway (SR) Projects Project Name US 101/Candlestick Point Interchange US 101 Auxiliary Lane Project Sponsor Brisbane C/CAG US 101 Managed Lanes Project 2 C/CAG-TA SR 1 (Mid Coast) Congestion, Throughput and Safety Improvements County of San Mateo SR 1 Calera Parkway Project 1 Pacifica I-380 Congestion Improvements San Bruno-South San Francisco SR 35 Widening: I-280 to Sneath Lane San Bruno-South San Francisco US 101/Holly Street Interchange Improvements San Carlos US 101/Produce Avenue Interchange Footnotes 1) These projects are on an inactive list & may be subject to reprogramming South San Francisco 2) The US 101 Managed Lanes Project was formerly referred to as the US 101 HOV Lane Project

39 =RESOLUTION NO BOARD OF DIRECTORS, SAN MATEO COUNTY TRANSPORTATION AUTHORITY STATE OF CALIFORNIA * * * APPROVING POLICY REVISIONS FOR THE MEASURE A HIGHWAY PROGRAM WHEREAS, on June 7, 1988, the voters of San Mateo County approved a ballot measure known as Measure A, which increased the local sales tax in San Mateo County by one-half percent with the new tax revenue to be used for highway and transit improvements pursuant to the Transportation Expenditure Plan (TEP) presented to the voters; and WHEREAS, on November 2, 2004, the voters of San Mateo County approved the continuation of the collection and distribution by the San Mateo County Transportation Authority (TA) of the New Measure A half-cent transactions and use tax for an additional 25 years to implement the 2004 TEP beginning January 1, 2009; and WHEREAS, the 2004 TEP designates 27.5 percent of the New Measure A revenues to fund the Highway Program; and WHEREAS, the TA has held two Measure A Highway Program Call for Projects (CFP) under the New Measure A Program, both of which have been open to any new highway and roadway improvements that met the eligibility criteria, without a minimum match requirement; and WHEREAS, the TA is planning to release a third CFP after the TA s October Board of Directors (Board) 2017 meeting, and WHEREAS, the 2011 Short-Range Highway Plan and the 2014 Measure A Strategic Plan acknowledge that the Highway Program is oversubscribed and called for the Page 1 of

40 development of a Highway Capital Improvement Program (CIP) to better manage funding needs with projected revenues; WHEREAS, at the TA s August 2015 Board meeting, staff presented the initial findings from a financially unconstrained 10-year Highway CIP Fiscal Year (FY) 2016 FY2025, which was subsequently updated and presented for acceptance at the TA s February 2017 Board meeting; and WHEREAS, funding policy revisions have been developed in coordination with the Highway CIP Ad Hoc Advisory Committee to improve the TA s ability to fund, manage and deliver highway projects in consideration of the significant needs of the Highway Program and the constrained revenue sources available to meet these needs. NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the San Mateo County Transportation Authority approves the following funding policy revisions for the Measure A Highway Program Calls for Projects: 1) Prioritize projects that have already received Measure A funding for prior work to enable sponsors to complete work already started, but also set aside up to $10 million, through the remaining life of Measure A, to assist with the planning and environmental phases of work for other projects not in the Measure A funding pipeline. 2) Leverage Measure A investments by requiring a minimum 10 percent funding match with each phase of work for all projects. 3) For new highway facilities (including those consisting of roads and/or interchanges at locations where they currently do not exist) the required funding match may be greater than 10 percent for the final design, right of way and construction phases of work, and will be proportionate to the Page 2 of

41 impacts from additional traffic generated from new land use development that is generating the need for the new highway facility. The match requirement will be evaluated on a case-by-case basis with the project sponsor. 4) To further promote timely use of funds, there must be substantial activity on a project within two years of receiving a funding award, including demonstrating expenditures on the project. vote: Regularly passed and adopted this 5 th day of October, 2017 by the following AYES: NOES: ABSENT: Chair, San Mateo County Transportation Authority ATTEST: Authority Secretary Page 3 of

42 SAN MATEO COUNTY TRANSPORTATION AUTHORITY STAFF REPORT AGENDA ITEM # 11 (c) OCTOBER 5, 2017 TO: THROUGH: FROM: SUBJECT: Transportation Authority Jim Hartnett Executive Director April Chan Chief Officer, Planning Grants and the Transportation Authority MEASURE A 2017 HIGHWAY PROGRAM CALL FOR PROJECTS ACTION No action is required. This item is being presented to the Board for information only. SIGNIFICANCE The 2017 Measure A Highway Call for Projects (CFP), planned for release after the October Transportation Authority (TA) Board meeting, will be the third Highway Program CFP since the reauthorization of Measure A. This CFP will incorporate the funding policy revisions that are also being presented to the Board for approval at the October TA Board meeting. A total of up to $75 million will be made available to fund projects that are already in the Measure A funding pipeline that best meet the highway selection and evaluation criteria contained in the Measure A Strategic Plan A small set aside, up to $10 million through the remaining life of Measure A, will be made available to fund other eligible projects, not already in the Measure A pipeline. A presentation will be made at the October 5, 2017 TA Board meeting that provides further information regarding the process and program evaluation criteria. BUDGET IMPACT There is no impact to the budget. BACKGROUND In accordance with the voter-approved Transportation Expenditure Plan (TEP), a total of 27.5 percent of the New Measure A sales tax receipts are dedicated to the Highway Program for capital projects that reduce congestion and improve throughput and safety. The Highway Program is comprised of two components: 1) Key Congested Areas (KCA) with 17.3 percent of the sales tax receipts, and 2) Supplemental Roadways (SR) with 10.2 percent of the sales tax receipts. The TEP contains a list of the candidate Key Congested Areas (KCA) highway projects and a partial list of candidate SR projects. Additional candidate SR projects may be submitted to the TA for consideration to account for changing needs during the 25 year life of the program. SR projects can include highway as well as other types of congestion reducing roadway projects in the County. Prepared by: Joel Slavit, Manager, Programming and Monitoring

43 SAN MATEO COUNTY TRANSPORTATION AUTHORITY STAFF REPORT AGENDA ITEM # 11 (d) OCTOBER 5, 2017 TO: THROUGH: Transportation Authority Jim Hartnett Executive Director FROM: April Chan Derek Hansel Chief Officer, Planning, Grants Chief Financial Officer and the Transportation Authority SUBJECT: MEASURE A SEMI-ANNUAL PROGRAM STATUS REPORT ACTION Staff recommends the Board receive and file the semi-annual Measure A Program Status Report. SIGNIFICANCE The semi-annual program status report provides an overview of the eight program categories under the Original Measure A and six program categories under the New Measure A. Staff has performed an extensive review during the past year to trueup the financial information to ensure its accuracy. The formatting of the report has also been revised to improve transparency and better report on the current status of available funding for new programming and allocation within each of the program categories. For both the Original Measure A and the New Measure A reports, we now provide the following information: a) Funds collected to-date; b) amount of funds programmed; and c) amount remaining for programming and allocation. The following additional changes are specific to each of the measures: Original Measure A Program Status Rental income, in the amount of $18.7 million, that was previously reported under the Caltrain, Dumbarton and Grade Separation program categories has been removed. These funds have been used and will continue to be made available for maintenance of way, program management and/or further programming expenses. Original Measure A sales tax revenue can only be used for the projects explicitly listed in the 1988 Transportation Expenditure Plan. There are no prescribed restrictions on the use of rental income, which from this point forward will be tracked separately. Page 1 of 2

44 New Measure A Program Status Columns labeled Funds Collected to Date and Available Funding have been added The column that was previously included, labeled Total Estimated Revenue ( ) has been removed The sales tax projections for each of the program categories previously provided, under Total Estimated Revenue ( ), were in 2004 dollars from the Transportation Expenditure Plan (TEP), and are outdated and no longer provide a reasonable estimate of projected revenue. The sales tax revenue that has been collected since the inception of the New Measure has been significantly higher than the TEP projections. BUDGET IMPACT There is no impact to the budget. BACKGROUND While this report has historically been presented semi-annually, roughly three months after the end of every calendar and fiscal year, it has been a year since the last report was published due to the true-up efforts that have now been completed. This report complements the Capital Project Quarterly Status Report the Board currently receives that focuses on progress of specific capital projects within the Measure A programs. Prepared by: Joel Slavit, Manager, Programming and Monitoring Rima Lobo, Director of Finance Ladi Millard, Director of Budgets and Financial Analysis Page 2 of 2

45 Measure A Program Status Report Semi-Annual Report (As of June 30, 2017) Produced: September 19, 2017